REGISTERED NUMBER: 00777495 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 OCTOBER 2025

FOR

O KAY ENGINEERING SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A S Kay

N H Hollobone

C B Battle

D A Tarry

SECRETARY:

N H Hollobone

REGISTERED OFFICE:

Eagle Avenue

Magnetic Park

Desborough

Northamptonshire

NN14 2WD

REGISTERED NUMBER:

00777495 (England and Wales)

AUDITORS:

Magma Audit LLP (part of the Dains Group)

Chartered Accountants

Statutory Auditor

Unit 2, Charnwood Edge Business Park

Syston Road

Leicestershire

LE7 4UZ

FIXED ASSETS

Tangible assets

4

327,814

203,916

CURRENT ASSETS

Stocks

46,170

41,665

Debtors

5

1,378,308

1,073,643

Investments

6

1,235,503

1,114,853

Cash at bank and in hand

4,293,755

4,045,167

6,953,736

6,275,328

CREDITORS

Amounts falling due within one year

7

(4,495,173

)

(4,448,845

)

NET CURRENT ASSETS

2,458,563

1,826,483

TOTAL ASSETS LESS CURRENT LIABILITIES

2,786,377

2,030,399

CREDITORS

Amounts falling due after more than one year

8

(33,162

)

-

PROVISIONS FOR LIABILITIES

(235,150

)

(366,405

)

NET ASSETS

2,518,065

1,663,994

CAPITAL AND RESERVES

Called up share capital

16,020

16,020

Retained earnings

2,502,045

1,647,974

2,518,065

1,663,994

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2026 and were signed on its behalf by:

N H Hollobone - Director

1.	STATUTORY INFORMATION

O Kay Engineering Services Limited is a private limited company, limited by shares, registered in England and Wales. Its registered office address is Eagle Avenue, Magnetic Park, Desborough, Northamptonshire, NN14 2WD and the registered number is 00777495.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors believe that the company will remain profitable going forward and has sufficient resources to meet its liabilities for at least twelve months from signing these financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Long term contracts

These are assessed on a contract by contract basis and reflected in the profit and loss account by recording turnover and related costs as contract activity progresses. Where appropriate, attributable profits and anticipated losses are recognised.

The amount by which recorded turnover is in excess of payments on account is classified as amounts recoverable on contracts and separately disclosed within debtors.

The excess of payments on account over amounts recoverable on contracts is classified as payments on account and is separately disclosed within creditors.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Plant and machinery

15% and 25% p.a on written down value; 20% - 33% p.a on cost

Motor vehicles

20% - 25% p.a. on cost

Computer equipment

25% p.a. on written down value; 20%-25% p.a. on cost

The asset's residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Current asset investments

Current asset investments are cash or cash equivalents with a maturity date of more than three months but less than one year from inception valued at fair value.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2024 - 49 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 31 October 2024

428,277

207,094

55,371

690,742

Additions

12,688

190,566

28,089

231,343

Disposals

-

(105,683

)

-

(105,683

)

At 30 October 2025

440,965

291,977

83,460

816,402

DEPRECIATION

At 31 October 2024

315,006

153,204

18,616

486,826

Charge for year

39,778

52,319

15,348

107,445

Eliminated on disposal

-

(105,683

)

-

(105,683

)

At 30 October 2025

354,784

99,840

33,964

488,588

NET BOOK VALUE

At 30 October 2025

86,181

192,137

49,496

327,814

At 30 October 2024

113,271

53,890

36,755

203,916

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

789,772

323,467

Amounts owed by group undertakings

415,942

568,036

Amounts recoverable on contract

126,509

81,764

Other debtors

1,831

83,038

Prepayments

44,254

17,338

1,378,308

1,073,643

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Current asset investments

1,235,503

1,114,853

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

28,051

10,719

Payments on account

1,438,749

2,937,360

Trade creditors

2,016,409

606,615

Amounts owed to group undertakings

2,323

-

Corporation tax

275,352

129,631

Social security and other taxes

403,907

497,920

Other creditors

3,019

3,971

Accruals and deferred income

327,363

262,629

4,495,173

4,448,845

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

33,162

-

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

28,051

10,719

Between one and five years

33,162

-

61,213

10,719

Non-cancellable

operating leases

2025

2024

£

£

Within one year

780

780

Between one and five years

510

1,290

1,290

2,070

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

61,213

10,719

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Paul Orton FCA FCCA (Senior Statutory Auditor)

for and on behalf of Magma Audit LLP (part of the Dains Group)